SEATTLE, June 11, 2018 (GLOBE NEWSWIRE) -- The global electronic nose market was valued at US$ 17.7 million in 2017, and is projected to exhibit a CAGR of 42.7% over the forecast period (2017–2025).
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Key Driver and Analysis of the Electronic Nose Market:
Increasing demand for food safety coupled with increasing number of death due to the foodborne illness are expected to fuel growth of the electronic nose market. Stringent regulations by regulatory bodies regarding safety and quality of the food are expected to inadvertently help in reducing the number of death due to the food borne diseases. For instance, the U.S. government enacted new law named Food Safety Modernization on January 4, 2011. The objective of the act is to protect health of the consumers by strengthening the quality of the food. Electronic nose is used in food industries for examining quality of the food, which further helps in clearing the food safety test. Therefore, increase government regulation regarding food safety area expected to positively impact growth of electronic nose market,
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Key Market Takeaways:
- Market is expected to witness a CAGR of 11.7% during the forecast period (2018 – 2026), owing to increasing adoption of electronic nose by the food and beverages sectors, as e-noses is the perfect device and a cost effective method for testing freshness of the food.
- The size of portable electronic nose is very small as compared to conventional electronic nose, which are bulky in nature, resulting in to high power consumption. Less power consumption due to small size is expected to fuel the demand for the portable electronic nose during the forecast period.
- Increasing demand for identifying the presence of harmful gases in the environment is also one of the factor propelling the growth of the electronic nose market. As the electronic nose is cost-effective tool for detecting the presence of harmful gases.
- Major players operating in the global electronic nose market are Alpha MOS, Odotech, E-nose Pty, The E-nose Company, Electronic Sensor technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, and Scensive Technology.
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